POWERGRID withdraws nomination; Rajiv Kumar Rohilla ceases to be nominee director from 15 October 2026
PTC India Ltd informed the exchanges that Sh. Rajiv Kumar Rohilla (DIN: 10371161), Nominee Director of POWERGRID, has ceased to be a Director on the Board w.e.f. 15th October 2026 due to withdrawal of his nomination by POWERGRID.
By ScoutQuest · · 1 min read
- Director
- Sh. Rajiv Kumar Rohilla (DIN: 10371161)
- Date of Cessation
- w.e.f. 15th October 2026
- Reason for Change
- Withdrawal of nomination by Nominating Company ie. POWERGRID
What the update says
- Sh. Rajiv Kumar Rohilla (DIN: 10371161) has ceased to be a Director on the Board of PTC India Ltd w.e.f. 15th October 2026.
- The reason given in the disclosure is withdrawal of his nomination by the nominating company, POWERGRID (Power Grid Corporation of India Ltd).
- The company states that the new nominee of POWERGRID on the Board will be appointed shortly.
Why this is a nominee seat
A nominee director is placed on a company's board by a shareholder or institution to represent that shareholder's interest. Here, the director was POWERGRID's nominee. When the nominating company withdraws the nomination, the seat falls vacant, and the same nominating company normally names a replacement. The update itself says the new nominee will be appointed shortly.
What the annexure records
- Name: Sh. Rajiv Kumar Rohilla, Director (DIN: 10371161).
- Reason for change: Withdrawal of nomination by Nominating Company ie. POWERGRID.
- Date of appointment/cessation: W.e.f. 15th October 2026.
- Brief Profile, Disclosure of relationships between directors, and the information required under the referenced BSE and NSE circulars: marked Not Applicable.
How a reader may see it
This is a change in who represents POWERGRID on the board, not a change in the company's shareholding or ownership. Such changes are routine in companies where an institution nominates a director, and the seat is expected to be filled by another POWERGRID nominee. The timing of that appointment is something shareholders would follow in later disclosures.
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Amol Babulal Taori appointed as POWERGRID's Non-Executive Nominee Director on the Board w.e.f. 23 October 2026
16 Oct 2026
Analyst Anuj called PTC India valuations attractive given its power sector positioning and government backing, expressing hope for higher dividends
16 Oct 2026
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